Property market: London’s strength is not a foundation for UK-wide recovery

When it comes to the property market, the capital is like another country, with rising prices and speedy selling times. Pre-financial crisis here is how the UK property market worked: any uptick in prices would start first in London. Homeowners in the capital would see the price of their property rise; they would then cash in – sell up – and move into the country for better schools and quality of life.
This steady flow of people out of the city would help the London price surge turn into a gentle tide of rising values across much of the UK………………………………………..Full Article: Source